(PDF) Union Bank – Personal Loan Form Download

The personal loan application form provided by the Union Bank of India can be downloaded in PDF format. The form, when filled out, will be sent to the regional office in your area.

Once it has been approved and processed, you will receive the money transferred directly into your bank account or picked up from your home by one of their representatives.

Please fill out all of the information required so that your application can be processed as quickly as possible! The first section of the application should remain fairly easy for you to complete, as most of it deals with personal information about yourself such as your address and contact information, including telephone number and email address.

What Is A union bank Personal Loan?

A union bank personal loan is a loan which provides you with a medium to fulfil your desires. It helps you to get funds based on some specific purposes like home renovation, medical treatment, wedding planning and so on.

While applying for such loans, it is vital that you provide correct details regarding your income and financial history. Based on your income level, terms and conditions will be changed according to your usage.

How Do I Apply For A Personal Loan?

Download and print off your union bank personal loan application form, fill it out completely and submit it to UBI Branch along with a copy of your latest passport-sized photograph. Once the bank has received all documents, your application will be reviewed by their loan officers.

If accepted, you can sign in person at any one of our branches or over email/fax/post within 7 days from submission.

Note: You must be an Indian citizen for a personal loan to be approved. Loans are subject to approval based on credit history and other factors. A representative APR is 0% p.a.. Fees may apply.

Who Can Apply For A Personal Loan?

If you’re a salaried employee, business owner or an entrepreneur and want to take care of your personal needs, you can apply for a personal loan.

  • You must be at least 21 years old to apply for a personal loan in India. However, if you have a co-applicant who is over 18 years old, he/she can also apply with you.
  • Your annual income should be more than Rs. 1 lakh per annum and you should have a savings bank account with regular deposits for at least six months.
  • The tenure of a personal loan ranges from one year to five years. The interest rate on personal loans is lower compared to credit card loans.

Moreover, there are no hidden charges while availing of a personal loan. Once you meet all eligibility criteria, visit any branch of your chosen bank and submit all required documents to get approved for a personal loan.

Are There Any Documents Needed To Apply For A Personal Loan From Union Bank Of India?

Yes, you will need to provide certain documents to apply for a personal loan from the Union Bank Of India. But we have simplified things for you. We have listed all these documents here for your ease and convenience.

If you are applying online, then you can directly download and print them. You can also save them on your computer or mobile device for future reference. The documents that are required are:

  1. Identity Proof- Passport, Driving License, Voter ID Card
  2. Address Proof- Passport, Driving License
  3. Income Proof- Latest Salary Slip/ ITR
  4. Other Details: Bank Statement (last 6 months), Credit Card Statement (last 6 months), Mutual Fund Statement (last 6 months) (optional), Fixed Deposit Receipts (last 6 months) (optional).
  5. Signature & Photograph To Apply.

However, if you are above 50 years old, there is no upper age limit to apply for a personal loan from UBI. You should be an Indian citizen in order to apply for a personal loan from UBI.

Apart from these basic eligibility criteria mentioned above, there is no such minimum credit score requirement set by UBI while offering their personal loans.

Interest Rate For Union Bank Personal Loan & Download

For Union Personal

SchemesCIBIL scoreReference Rate (D)Premium (E)Effective ROI (D+E=F)
Union Personal – Under Tie-up700 & aboveEBLR4.10%10.90%
Union Personal – Under Tie-upbelow 700EBLR4.20%11.00%
Union Personal – Under Non Tie-up700 & aboveEBLR5.10%11.90%
Union Personal – Under Non Tie-upbelow 700EBLR5.20%12.00%
Union Personal- For Non-Salaried Individuals700 & aboveEBLR6.10%12.90%
Union Personal- For Non-Salaried IndividualsBelow 700EBLR6.%2013.00%

For Union professional personal loan scheme

SchemesCIBIL scoreReference Rate (D)Premium (E)Effective ROI (D+E=F)
Salaried Under Tie-up700 & aboveEBLR2.50%9.30%
Salaried Under Tie-upbelow 700EBLR2.75%9.55%
Salaried Under Non Tie-up700 & aboveEBLR3.00%9.80%
Salaried Under Non Tie-upbelow 700EBLR3.25%10.05%
Non-Salaried700 & aboveEBLR3.50%10.30%
Non-Salariedbelow 700EBLR3.75%10.55%

For Union ashiyana personal loan scheme

SchemesCIBIL scoreReference Rate (D)Premium (E)Effective ROI (D+E=F)
Salaried700 & aboveEBLR2.50%9.30%
Salariedbelow 700EBLR2.75%9.55%
Non-Salaried700 & aboveEBLR3.00%9.80%
Non-Salariedbelow 700EBLR3.25%10.05%

FAQ

Can I Get Approval For Multiple Loans At Once?

You can get approval for multiple loans at once by giving a loan application form to a bank, but don’t expect to be approved for that much money.

Before you apply for multiple loans, look at your credit report and see how your payments have been so far.

This will help determine how much you can borrow from different lenders. If you are applying for a car loan and home equity line of credit (HELOC), make sure they are both with the same lender. If they are not, it may affect your ability to get approved.

Can I Request To Change Or Increase My Credit Limit After Receiving An Amount In My Account?

No, you cannot request to change or increase your credit limit online after receiving an amount in your account.

You must approach a branch with a signed Letter of Authorisation from the borrower. The request shall be processed within 48 hours by issuing an appropriate order.

This will lead to a change in credit limit and/or interest rate applicable to your loan facility. For any further queries please contact their customer care executives at 1800222244 / 18002082244 (Toll-Free).

How Long Will It Take Before I Get My Money After Applying For A Personal Loan Online From Union Bank Of India?

It is important to know that, unlike other banks, when it comes to applying for a personal loan online with Union Bank Of India (India’s second-largest bank), there is no time limit set.

Unlike many others banks where you will have to wait for weeks before your application gets accepted when it comes to Union Bank Of India, you can rest assured that your application will get processed in just a matter of hours.

The only thing that you need to do is ensure that all your documents are complete and correct. Once they are verified by their team, they will then process your request and send an approval email along with all details about how much money you have been approved for and what steps you need to take next.

Is There Anything Else That One Needs To Keep In Mind While Applying For A Personal Loan From This Lender?

No collateral is required for a personal loan from Union Bank. You do not need to pledge any security or property with UBI to avail a personal loan from us.

All you have to provide is your eligibility, salary and monthly expenses details in addition to your details about existing loans and credit cards that you have applied for from other lenders.

This will help them process your application faster. The loan amount approved by union bank will be directly credited into your bank account within 24 hours. However, it may take longer than that if there are certain documents to be verified.

You can track your loan status on union bank website or call us at 1800222244 / 18002082244 for further information regarding your application status.

Can I Apply For A union bank Personal Loan Online?

Yes, you can apply for a personal loan online through their dedicated online banking site. You will have to register your details there and once you’ve done that, you’ll need to login in and click on ‘Apply Now’ to fill up an application form.

You’ll then be taken through several steps which are: information about yourself, employment details, income proof and residential address proofs. You will also have to upload a recent image of yours along with all other required documents.

Conclusion

With that said, I think this application form has helped you get a very clear picture of what to expect from a personal loan application in general.

If you have any questions, please feel free to contact me! And if you need personal financial advice, I’m here for that too. 🙂 Thanks for reading. Good luck with your loans!

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